Recruitment group, Robert Walters released its full-year results
last week to reveal a 63 per cent increase in profits and a £38m
rise in turnover.
The company, which was floated on the London Stock Exchange last
year, saw its pre-tax profits grow from £11.2m to £18.3m in the
period to December 31 2000. Its sales also jumped 22 per cent, from
£178.5m in 1999 to £216.8m. Chief executive, Robert Walters said
the group had had an "extremely busy and productive" year, and
confirmed that demand for its services remained strong amid a
continuing shortage of skilled staff.
The group also announced that it had purchased an Australian
recruitment company, Dunhill Group, for a cash price of up to
£13.2m. Walters said the acquisition would expand the company's
presence in the Asia Pacific region and would help it to source
candidates from South Africa, Australia and New Zealand.
